numbers and tea leaves, page-23

I'm only the messenger... MAD prospectus has the message. They also say 2 wells per month.

MAD states pg 33 prospectus
"...Maverick has elected to restrict production to the target average of 25-30 BOPD"

and goes on to say

"The RRC field allowable is 60 BOPD. Maverick has elected to maintain an average across its production of 25-30 BOPD to preserve reservoir pressure and produce at highly economic levels for its reduced costs (as compared to outside operators). Discussions with management indicate that Maverick is highly confident that it can maintain these production rates (via artificial lift) for greatly extended periods as compared with the production from wells where flowing was the lift mechanism rather than pumping."


And so all I'm doing is adding to the 40 (or 43) wells at 25 bopd plus adding in the 2 wells month for BRD. So 55 wells (tops?) at 25 = 1,375 bopd plus whatever comes from Nash and Boling in this time - hence 1,500 - 1,600

Not upramping or downramping, just factualizing before I make my investment decision.

MAD has an extremely good business model - spending about $250K/well that has by my calcs an NPV10 of $1.25M (probably more conservative than most though). Close to infrastructure, know the land, its a good position to be in.